One measure of market stress is mirroring its 2008 moves — and calls for a 2nd dip before recovery

· *Market conditions are mimicking their 2008 trendline, according to Bloomberg's US Financial Conditions Index.*
· *The metric measures stress across the US stock, bond, and money markets. *
· *The index dropped from mid-February to late-March amid the coronavirus sell-off before retracing half of the plunge in April.*
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